Alaska Does Not Require Deposit Interest
Alaska landlords are not required to pay interest on your security deposit. But that does not mean they can do whatever they want with it.
Alaska does not require landlords to pay interest on security deposits. However, landlords must return the deposit within 14 days (30 days if the landlord deducts for damage or you did not give the statutory notice ending the tenancy) of move-out under Alaska Stat. § 34.03.070.
•Your Rights
What Your Alaska Landlord Does Owe You
Interest or not, Alaska law gives you real protections on your security deposit:
- Return deadline: 14 days (30 days if the landlord deducts for damage or you did not give the statutory notice ending the tenancy). Your landlord has 14 days (30 days if the landlord deducts for damage or you did not give the statutory notice ending the tenancy) after you move out to return your deposit or provide an accounting of deductions.
- Itemized statement required. Your landlord cannot just keep part of your deposit — they must provide a written, itemized list of every deduction and its amount within 14 days.
- Penalties for violations. If your landlord misses the deadline or makes deductions the law doesn't allow, Alaska courts can award you up to 2x the wrongfully withheld amount.
Alaska landlords must return security deposits within 14 days (30 days if the landlord deducts for damage or you did not give the statutory notice ending the tenancy) of move-out under Alaska Stat. § 34.03.070. Violations can result in up to 2x the wrongfully withheld amount.
•Full State Law
Alaska Security Deposit Law — Full Breakdown
Return deadlines, allowed deductions, penalty multipliers, small claims limits — everything you need to know about Alaska deposit law is on one page. Read the full Alaska security deposit law breakdown.
More Alaska Guides
●Frequently Asked Questions
Frequently Asked Questions
Does Alaska require landlords to pay interest on security deposits?
No. Alaska does not require landlords to pay interest on security deposits. However, your landlord must still return your deposit within 14 days (30 days if the landlord deducts for damage or you did not give the statutory notice ending the tenancy) of move-out under Alaska Stat. § 34.03.070.
What is my landlord required to do with my deposit in Alaska?
Your Alaska landlord must return your deposit within 14 days (30 days if the landlord deducts for damage or you did not give the statutory notice ending the tenancy) after you move out. They must provide an itemized statement listing any deductions. Failure to comply can result in penalties.
What happens if my Alaska landlord keeps my deposit?
If your landlord fails to return your deposit within 14 days (30 days if the landlord deducts for damage or you did not give the statutory notice ending the tenancy), you can sue in small claims court for up to 2x the wrongfully withheld amount. In Alaska, small claims court hears claims up to $10,000.
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DepositHawk is not a law firm and does not provide legal advice. Information and documents are for informational purposes only. No attorney-client relationship is created. Consult a licensed attorney for advice specific to your situation.